KOSPI, the Power of Donghak Ants... Breaking Through the '2380 Level'

[Image source=Yonhap News]

[Asia Economy Reporter Ji-hwan Park] The domestic stock market closed higher, surpassing the 2380 level, driven by net buying from individual investors. Both the KOSPI and KOSDAQ markets saw individuals solely absorb the combined selling pressure from foreigners and institutions, leading the indices upward.

On the 10th, the KOSPI closed at 2386.38, up 34.71 points (1.48%) from the previous trading day. This marked the fifth consecutive trading day of reaching new highs.

On this day, the KOSPI opened higher at 2353.92 compared to the previous day’s close of 2351.67. The market showed an upward trend from early trading, supported by net buying from individual investors. During the session, the KOSPI rose as high as 2385.99, surpassing the previous day’s record high of 2362.24.

Looking at trading trends by participant, individual investors led the index rise with net buying of 352.8 billion KRW. In contrast, foreigners and institutional investors net sold 134.7 billion KRW and 229.8 billion KRW, respectively.

By sector, all closed higher except for the electric and gas industry (-0.48%). Transportation equipment (8.90%), securities (6.15%), insurance (4.23%), and telecommunications (3.83%) showed notable gains.

Among the top market capitalization stocks, Samsung Electronics (0.52%), SK Hynix (0.99%), and Samsung Biologics (0.39%) rose, while LG Chem (-3.49%) and Samsung SDI (-2.97%) declined.

The KOSDAQ index also rose, closing at 862.76, up 5.13 points (0.60%) from the previous day. This marked the 11th consecutive trading day of gains.

Regarding supply and demand, similar to the KOSPI market, individual investors net bought 221.3 billion KRW. Meanwhile, foreigners and institutional investors net sold 96.6 billion KRW and 102.2 billion KRW, respectively.

Among the top market capitalization stocks, Celltrion Healthcare (0.75%), EcoPro BM (0.37%), and KMH (0.92%) rose, while Seegene (-0.48%) and Celltrion Pharm (-1.72%) declined.

This content was produced with the assistance of AI translation services.